Barnes & Noble To Expand Online Textbook Sales
LINDA WERTHEIMER, Host:
NPR's Yuki Noguchi has more.
YUKI NOGUCHI: Anyone who's had to budget for textbooks at the end of the summer knows it's a serious business - $10 billion to be precise, and projected to grow with college enrollment. Joe Lombardi is chief financial officer of Barnes He says growth in the traditional, plus growth in the digital business, made the acquisition a good deal.
WERTHEIMER: Both companies will benefit from a unified digital platform.
NOGUCHI: Barnes Noble last month launched its e-book store following the release of Amazon's Kindle DX digital reader. That large-screen Kindle is aimed at the student market. Lombardi says although digital reading is in its infancy, more students will consume textbooks on their iPhones, Blackberrys, laptops or e-book devices. Lombardi says Barnes & Nobles sees a future where more people will develop new habits around reading and studying, but he admits he is more old-school.
WERTHEIMER: I don't know how I would have been able to do calculus derivatives on my telephone, but I think that it's certainly going to evolve - and certainly, course materials are going to become more online and downloadable. And it's going to get easier and better, and the technology will get better, and the graphics will get better.
NOGUCHI: Yuki Noguchi, NPR News.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.